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Office of The Executive Mayor

MAYOR XHAKAZA WELCOMES THE AFFIRMED CREDIT RATING AND COMMITS TO FINANCIAL STABILITY AND ENHANCED SERVICE DELIVERY IN THE CITY

I am pleased to welcome the latest credit rating announcement by Global Credit Ratings (GCR) Ratings, which affirms our municipality’s national scale long-term and short-term issuer ratings at BBB(ZA) and A3(ZA) respectively. The GCR Ratings Agency is exclusively contracted to provide solicited credit ratings for the City of Ekurhuleni. This affirmation, under the